Form 8-K 3M CO For: Oct 23

Go back to Form 8-K 3M CO For: Oct 23

3M (MMM) PT Lowered to $223 at RBC Capital

October 24, 2018 6:47 AM EDT

RBC Capital analyst Deane Dray lowered the price target on 3M (NYSE: MMM) to $223.00 (from $234.00) while maintaining an Outperform rating following another guidance cut.

While disappointing, the stock is sitting at a meaningful relative P/E support level, making risk-reward attractive here, Dray said.

... More